Filtronic Regulatory News (FTC)

6 Nov 2008 13:04

6 November 2008

Filtronic plc

Trading Update

Filtronic plc notes today's announcement by Carlyle and, following the lifting of restrictions imposed under the Takeover Code, takes this opportunity to update the market on the state of current and forecast trading.

Trading in the first half year, which ends on 30 November 2008, has been strong. In the second half year, however, the well documented slowdown in capital investment in the telecom infrastructure market is expected to result in a weaker trading performance.

The Company's cash resources, after taking into account the payment of the second special dividend on 24 November 2008, stand at around £15m (20p a share).

Looking beyond the current year, the Company was recently selected by a major customer to develop product for its next generation radio. This design win reinforces Filtronic's leadership position in its market place.

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